secwatch.observer — SEC 8-K summary
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Issuer:     Seagate Technology Holdings plc (STX)
CIK:        0001137789
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0001193125-24-097742
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Seagate furnishes dilution table for $1.5B exchangeable notes, capped calls
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- Notes issued Sep 2023: $1.5B aggregate principal, 3.50%, due 2028, exchangeable at $82.47/share.
- If-converted dilutive shares included in GAAP EPS when average stock price exceeds $82.47.
- Capped call transactions with cap price $107.85 reduce/replace non-GAAP dilution.
- Hypothetical table shows zero net dilutive shares up to $107.85; net dilation begins above.
- At $150 stock price, net dilutive shares for non-GAAP EPS would be 5,111 thousand shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137789/000119312524097742/0001193125-24-097742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137789/000119312524097742/d752918d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-097742

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer